Kaveri Seed Company
This is one more solid macro Opinion for a big Target completed now. Once again it remind, Up or Down , levels will workout well , when we understand the undercurrent.
KSCL (387.35) - Posted on 29th June 2015 as "Bottom out target 735---675
After this post, It broken the mentioned support of 735-675 on 12th Aug. 2015 ,when it was closed at 668.80, from their, fall aggravated and mentioned bottom target of 310 attacked on 30th Dec. 2015 ,when it was made low 303.65 and closed at 317.95 on that date. From there, now bounce back is going on, as on today it made high 390.95.
So from the mentioned break down low point of 675 to mentioned target low point of 310 , fall of 55 % , was happened with in 4 months time frame.
What next ?
Now bottomed out at 310 with volume and reversal started...
Minimum pull back target 520--560
and if trade above that
Optimum upside target 690--740
Below chart explain even better
(Click the below chart to get the zoom view)